FinWise Bank CD Rates: Best Rate at 5.50% 15-Month CD Special

FinWise Bank offers many different Certificate of Deposit (CD) accounts, some with very competitive CD rates. The best CD rate offered by FinWise Bank is on their special 15-month CD, the current CD rate is at 5.50%, making it one of the best short-term CD rates available. Another rate to mention is FinWise Bank's 12-month CD rate, currently at 5.10%. Below is a complete list of short-term and long-term CD rates at FinWise Bank.

Short-Term CD Rates

Rates and Minimum Deposit

Commentary

For those interested in a short-term investment, FinWise offers high-yielding options. With a minimum deposit of just $500, you can earn up to 4.99% APY for a 6-month term. These rates are particularly attractive for investors who require access to their funds in a short period of time.

Medium-Term CD Rates

Rates and Minimum Deposit

For savers looking to lock in a high yield without committing for too long, the medium-term CDs offer robust returns. The 15-Month CD Special, with a 5.50% APY, is particularly noteworthy. All medium-term CDs require a minimum deposit of $500.

Long-Term CD Rates

Rates and Minimum Deposit

Long-term CDs offer consistency in high yields over an extended period. With rates at 4.06% APY for terms ranging from 36 to 60 months and a modest minimum deposit of $500, these CDs are ideal for those looking for a longer-term investment.

Money Market Rate

Rate and Minimum Deposit

Commentary

While the money market rate of 4.00% APY might seem competitive, it's not the best place to park a substantial amount of money if you don't need it quickly but if you do, it's the way to go.

FinWise Bank offers an impressive range of CDs, mostly all with very competitive CD rates with high yields across all terms and a low minimum deposit requirement of $500. In fact, you can compare FinWise Bank's rates with other CD rates at banks, to make sure you're getting the best deal. While the money market account offers flexibility if you need it, the rate and high minimum deposit make it less of a deal if you don't need access to your money for the term of a CD investment.